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Genset up on executive shakeup

July 5, 2000 7:00 AM UTC

Genset (NM:Genset; GENXY) added EUR3.3 to EUR81.3 on Wednesday in trading on Nouveau Marche after the genomics company announced late Tuesday that co-founder and CEO Pascal Brandys and co-founder and Chief Biology Officer Marc Vasseur had resigned. In NASDAQ trading, the company's ADSs, which represent one-third of an ordinary share, were up $2.813 (11 percent) to $27.313. The bump gives the company a EUR638 million ($609.2 million) market cap. ...